Leo Dias's company received millions from Banco Master, linking him to Daniel Vorcaro's financial network

A company owned by journalist Leo Dias received at least R$9.9 million from Banco Master, according to a Coaf report. This places Dias at the center of investigations into the financial network linked to Daniel Vorcaro's bank. The funds from Banco Master represented a significant portion of Leo Dias Comunicação e Jornalismo's revenue between February 2024 and May 2025. Dias stated the payments were for a publicity contract with Will Bank, a brand formerly part of the Master group. Coaf flagged atypical transactions from Dias's company, including payments to third parties and immediate debiting of received funds. Further connections involve LD Produções, which also received substantial funds from Banco Master.